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PPP Loan Data — Greenwood, Inc., Greenville, SC

SBA PPP loan data, payroll data, and salaries for Greenwood, Inc.
SC

Greenwood, Inc.

Entity: Subchapter S Corporation

Industry: All Other Specialty Trade Contractors

Location: Greenville, SC

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Greenwood, Inc. is a subchapter s corporation located at 160 Milestone Way in Greenville, South Carolina that received a Coronavirus-related PPP loan from the SBA of $5,000,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$5M

Jobs Retained:

500

Loan Approved:

2020-04-15

Lender:

SOUTH STATE BANK, NATIONAL ASSOCIATION

Greenwood, Inc. received a Paycheck Protection Loan of $5M through SOUTH STATE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Greenwood, Inc.'s total 2019 payroll expenses were approximately $24M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $48,000 per employee1.

Because the loan received by Greenwood, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Greenwood, Inc. in Greenville, SC

Greenwood, Inc.
160 Milestone Way
Greenville, SC 29615

Business Industry

All Other Specialty Trade Contractors (NAICS code 238990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: SC-04

Similar Companies near Greenville

In the Greenville area, 4 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 132 employees (compared to this company's 500) and received an average PPP loan of $1,273,963 (compared to this company's $5M).

Industry PPP Comparison Statistics

Nationwide, 44,474 businesses in the "All Other Specialty Trade Contractors" industry received a total of $5,068,221,395.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 9 employees, 98% lower than Greenwood, Inc.'s reported 500 employees, and received an average PPP loan of $113,959, 98% lower than this company's loan of $5M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/greenwood-inc-greenville-sc